Global

July 24, 2019 @ 11:40 am By JD Alois  |  

TokenMarket, a Fintech operating under the watchful eye of the Financial Conduct Authority (FCA) Fintech Sandbox, has completed its first security token offering (STO) for equity in the firm. TokenMarket set an initial funding goal of £150,000 but had stated it would have accepted several… Read More

July 24, 2019 @ 9:16 am By JD Alois  |  

Leading crowdfunding platform Seedrs has announced ten companies which are participating in its first accelerator program. The seven-week FMCG (Fast Moving Consumer Goods) accelerator program is designed to provide access to investors, buyers, branding experts and more. The FMCG sector has experienced solid success on… Read More

July 24, 2019 @ 8:52 am By JD Alois  |  

Digital bank Revolut has updated its business banking account offerings. According to Fintech, Revolut for Business has launched two business account plans with no monthly fees. The new business account plans is said to “reaffirm Revolut’s commitment to democratise access to business accounts.” Additionally, Revolut… Read More

July 24, 2019 @ 8:03 am By JD Alois  |  

One of the leading investment crowdfunding platforms in the UK is in the midst of an executive transition. Current SyndicateRoom CEO and co-founder Gonçalo de Vasconcelos has announced that he is exiting the executive role and becoming a non-executive Director of the crowdfunding platform. In… Read More

July 24, 2019 @ 7:26 am By Cali Haan  |  

Solomon’s Independent Financial Advisers founder, Dominic Thomas, has told FT Adviser that he received a fake “FCA-endorsed” crypto scam email five times over the weekend before finally going on Twitter to warn the regulator. The FCA (Financial Conduct Authority) oversees UK capital markets, and has been… Read More

July 23, 2019 @ 10:24 pm By Cali Haan  |  

Update: TRON founder Justin Sun posted a tweet July 23rd showing himself un-detained in his apartment overlooking the Bay Bridge in San Francisco, and the price of TRON has now recovered about 8% since this article was originally penned. We flies on the wall will… Read More

July 23, 2019 @ 6:18 pm By Cali Haan  |  

Boston-based multi-platform cryptocurrency services and investment firm Circle has obtained a license to provide payment, custody, exchange, trading and other financial services involving cryptocurrencies in Bermuda. The company says its Bermuda operation will serve non-US Poloniex exchange customers. It also said it, “expect(s) to offer many new… Read More

July 23, 2019 @ 12:14 pm By JD Alois  |  

Smartlands, a blockchain-based crowdfunding platform, says it will tokenize “real-world assets” for a total of $1 billion by the end of 2023. The UK based, FCA regulated platform is making the bold claim as part of its four-year roadmap. Smartlands says it will tokenize assets… Read More

July 23, 2019 @ 9:44 am By JD Alois  |  

Germany is on a bit of a securities token roll. Yesterday, Crowdfund Insider covered the launch of a blockchain-based investment platform for early-stage companies that has received regulatory approval. Today, the Fundament Group has announced a €250 Million blockchain-based real estate bond – blessed by… Read More

July 23, 2019 @ 9:30 am By JD Alois  |  

MoneyLion has raised $160 million in funding. MoneyLion previously revealed $60 million of this amount but has since added $100 million as part of Series C funding round. MoneyLion is an entrant in the hot challenger bank marketplace. It provides its banking services via a… Read More

July 23, 2019 @ 8:06 am By JD Alois  |  

Smart Valor, a licensed Financial Intermediary in Switzerland and registered crypto-fiat exchange  in Liechtenstein, will go-live next week on July 30, according to an email from the company. Smart Valor claims to be the “first to build a fully compliant security token exchange for alternative… Read More

July 23, 2019 @ 7:30 am By Cali Haan  |  

Bitfinex, iFinex, and Tether, cryptocurrency companies defending themselves against fraud allegations in New York, are claiming that the New York Office of the Attorney General (OAG) has failed to substantiate claims the companies facilitated trades for New York residents without being licensed to do so…. Read More

July 23, 2019 @ 2:25 am By Cali Haan  |  

SWIFT, the company behind the world’s largest electronic payments system, has executed cross-border payments between 7 corresponding countries -Australia, China, Canada, Luxembourg, The Netherlands, Singapore and Thailand- and Singapore, in less than 25 seconds. The trial integrated SWIFT’s gpi Instant network and Singapore’s domestic instant… Read More

July 22, 2019 @ 6:42 pm By Cali Haan  |  

InWara, a firm specializing in the analysis of cryptocurrency/token offerings and “blockchain” startups has issued its “Half-Yearly report — H1 2019: Deciphering Token Offerings-IEOs, STOs and ICOs.” The firm is seeing interest in new types of tokens (IEOs and STOs) but significant drops for ICOs (many projects… Read More

July 22, 2019 @ 10:49 am By JD Alois  |  

Not too long ago, the Chinese peer to peer lending industry was growing at a breakneck speed and the largest online lending market in the world. This sector of Fintech was the enormous in China as big names and aspiring platforms moved quickly to fill… Read More

July 22, 2019 @ 10:08 am By JD Alois  |  

Germany’s security regulator the Federal Financial Supervisory Authority (BaFin) has approved the prospectus of StartMark to pursue a security token offering (STO). The approval was received on July 15. This will be the 2nd STO receiving the blessing of BaFin as Bitbond recently became the… Read More

July 22, 2019 @ 7:55 am By JD Alois  |  

Blockchain-related jobs continue to surge, according to a report from teQatlas. Over the past five years the compound annual growth rate (CAGR) stands at 139%. During 2018, blockchain jobs more than doubled versus 2017 with 2019 easily on track to top year prior. Software engineers… Read More

July 22, 2019 @ 7:25 am By JD Alois  |  

Evarvest, a Lithuania-based startup that is preparing to launch a new trading app, has easily topped its €75,000 goal on Seedrs to raise €235,000. Evarvest sold equity in the company at a pre-money valuation of €1.175 million. Evarvest plans to launch the app later in… Read More

July 21, 2019 @ 9:00 pm By JD Alois  |  

Iain Niblock, CEO peer to peer lending aggregator Orca Money, says that current criticism of the P2P sector of Fintech should not be construed as being reflective of the entire industry. Returns, which tend not to be correlated with the stock market, remain strong. The… Read More

July 21, 2019 @ 5:01 pm By JD Alois  |  

As part of the G7 meeting in France last week, a series of announcements were made. The G7 represents the seven largest advanced economies in the world. Finance ministers from these countries descended upon Chantilly, France to discuss a multitude of issues. One of these… Read More